ADT 2008 Annual Report Download - page 271

TYCO INTERNATIONAL LTD.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
24. Tyco International Finance S.A. (Continued)
CONSOLIDATING STATEMENT OF OPERATIONS
For the Year Ended September 28, 2007
($ in millions)
Tyco Tyco
International International Other Consolidating
Ltd. Finance S.A. Subsidiaries Adjustments Total
Net revenue ..................... $ — $ — $18,477 $ — $18,477
Cost of product sales .............. — — 8,495 — 8,495
Cost of services .................. — — 3,722 — 3,722
Selling, general and administrative
expenses ...................... 84 (46) 4,738 — 4,776
Class action settlement, net of insurance
recoveries ..................... 2,862 — — — 2,862
Separation costs .................. 99 1 5 — 105
Goodwill impairment .............. — — 46 — 46
Restructuring, asset impairment and
divestiture charges, net ........... — — 203 — 203
Operating (loss) income .......... (3,045) 45 1,268 — (1,732)
Interest income .................. 42 9 53 — 104
Interest expense .................. (41) (257) (15) — (313)
Other income (expense), net ......... — (253) (2) — (255)
Equity in net income of subsidiaries .... 1,745 450 — (2,195) —
Intercompany interest and fees ....... (1,225) 414 811 — —
(Loss) income from continuing
operations before income taxes and
minority interest .............. (2,524) 408 2,115 (2,195) (2,196)
Income taxes .................... — 11 (335) — (324)
Minority interest .................. — — (4) — (4)
(Loss) income from continuing
operations ................... (2,524) 419 1,776 (2,195) (2,524)
Income from discontinued operations,
net of income taxes .............. 782 1,001 1,442 (2,443) 782
Net (loss) income ............... $(1,742) $1,420 $ 3,218 $(4,638) $ (1,742)
168 2008 Financials